{"id":405531,"date":"2020-12-24T11:03:06","date_gmt":"2020-12-24T16:03:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405531"},"modified":"2020-12-24T11:03:06","modified_gmt":"2020-12-24T16:03:06","slug":"snanf-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-sona-nanotech-inc-shareholders-of-class-action-and-lead-plaintiff-deadline-february-16-2021-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/snanf-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-sona-nanotech-inc-shareholders-of-class-action-and-lead-plaintiff-deadline-february-16-2021-2\/","title":{"rendered":"SNANF Shareholder Alert: Bronstein, Gewirtz &amp; Grossman, LLC Notifies Sona Nanotech Inc. Shareholders of Class Action and Lead Plaintiff Deadline: February 16, 2021"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Dec.  24, 2020  (GLOBE NEWSWIRE) &#8212; Attorney Advertising &#8212; Bronstein, Gewirtz &amp; Grossman, LLC notifies investors that a class action lawsuit has been filed against Sona Nanotech Inc. (&#8220;Sona&#8221; or &#8220;the Company&#8221;) (OTC: SNANF) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Sona securities between\u00a0July 2, 2020\u00a0and\u00a0November 25, 2020, both dates inclusive (the &#8220;Class Period&#8221;).\u00a0 Such investors are encouraged to join this case by visiting the firm\u2019s site: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UybY93XdWgshwfsKJKfg8L6_iaKfEGQQOIn4EOIZmHOV3yBFW7bCDsrmNpunxrzz37os9pVoETCBaNiYVOFoTv6u03FXw4EDnPb2HIgFvws=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.bgandg.com\/snanf<\/a>.<\/p>\n<p>This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.<\/p>\n<p>The Complaint alleges that throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) it was unreasonable for Sona to represent that it could receive results from field studies of its COVID-19 antigen test within a month; (2) Sona&#8217;s positive statements about its COVID-19 antigen test were unfounded as the U.S. Food and Drug Administration (&#8220;FDA&#8221;) would deprioritize emergency use authorization approval of Sona&#8217;s antigen test finding it did not meet &#8220;the public health need&#8221; criterion; (3) it was unreasonable for Sona to believe that data gathered over such a short period of time would be sufficient for approval of its antigen test by either the FDA or Health Canada; (4) Sona would have to withdraw its submission for Interim Order authorization from Health Canada for the marketing of its COVID-19 antigen test as it lacked sufficient clinical data to support approval; and (5) as a result, defendants&#8217; statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p>A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm\u2019s site: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UybY93XdWgshwfsKJKfg8NEt2SiNkdImIwx1fa5TB4cyT2Fk7plujYJrxSqI-4TcyhB6AaWi1ZrmdPr6gt4CkAsOuI8IFcH6LjVKbsknNq4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.bgandg.com\/snanf<\/a> or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz &amp; Grossman, LLC at 212-697-6484. If you suffered a loss in Sona you have until February 16, 2021 to request that the Court appoint you as lead plaintiff.\u00a0 Your ability to share in any recovery doesn&#8217;t require that you serve as a lead plaintiff.<\/p>\n<p>Bronstein, Gewirtz &amp; Grossman, LLC is a corporate litigation boutique.\u00a0 Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.\u00a0 In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm\u2019s expertise includes general corporate and commercial litigation, as well as securities arbitration.\u00a0 \u00a0Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>Contact:<br \/>Bronstein, Gewirtz &amp; Grossman, LLC<br \/>Peretz Bronstein or Yael Hurwitz <br \/>212-697-6484 | <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nEvOIadcR14ifmLL3TK4Jj8j_511dLfymo3TXdtEOXNmNiNHc4wJeEoZJ-QIMN8Y5fs5SmSwoDgtUutL7ALjVg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@bgandg.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTMzNiMzODkwMDcxIzIwMTc2OTA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9bfddd98-1dcf-46bb-8f3b-cbd4f40db533\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 24, 2020 (GLOBE NEWSWIRE) &#8212; Attorney Advertising &#8212; Bronstein, Gewirtz &amp; Grossman, LLC notifies investors that a class action lawsuit has been filed against Sona Nanotech Inc. (&#8220;Sona&#8221; or &#8220;the Company&#8221;) (OTC: SNANF) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Sona securities between\u00a0July 2, 2020\u00a0and\u00a0November 25, 2020, both dates inclusive (the &#8220;Class Period&#8221;).\u00a0 Such investors are encouraged to join this case by visiting the firm\u2019s site: www.bgandg.com\/snanf. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The Complaint alleges that throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/snanf-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-sona-nanotech-inc-shareholders-of-class-action-and-lead-plaintiff-deadline-february-16-2021-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SNANF Shareholder Alert: Bronstein, Gewirtz &amp; Grossman, LLC Notifies Sona Nanotech Inc. Shareholders of Class Action and Lead Plaintiff Deadline: February 16, 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405531","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SNANF Shareholder Alert: Bronstein, Gewirtz &amp; Grossman, LLC Notifies Sona Nanotech Inc. Shareholders of Class Action and Lead Plaintiff Deadline: February 16, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/snanf-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-sona-nanotech-inc-shareholders-of-class-action-and-lead-plaintiff-deadline-february-16-2021-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SNANF Shareholder Alert: Bronstein, Gewirtz &amp; Grossman, LLC Notifies Sona Nanotech Inc. Shareholders of Class Action and Lead Plaintiff Deadline: February 16, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 24, 2020 (GLOBE NEWSWIRE) &#8212; Attorney Advertising &#8212; Bronstein, Gewirtz &amp; Grossman, LLC notifies investors that a class action lawsuit has been filed against Sona Nanotech Inc. (&#8220;Sona&#8221; or &#8220;the Company&#8221;) (OTC: SNANF) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Sona securities between\u00a0July 2, 2020\u00a0and\u00a0November 25, 2020, both dates inclusive (the &#8220;Class Period&#8221;).\u00a0 Such investors are encouraged to join this case by visiting the firm\u2019s site: www.bgandg.com\/snanf. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The Complaint alleges that throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: &hellip; Continue reading &quot;SNANF Shareholder Alert: Bronstein, Gewirtz &amp; Grossman, LLC Notifies Sona Nanotech Inc. 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(&#8220;Sona&#8221; or &#8220;the Company&#8221;) (OTC: SNANF) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Sona securities between\u00a0July 2, 2020\u00a0and\u00a0November 25, 2020, both dates inclusive (the &#8220;Class Period&#8221;).\u00a0 Such investors are encouraged to join this case by visiting the firm\u2019s site: www.bgandg.com\/snanf. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The Complaint alleges that throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: &hellip; Continue reading \"SNANF Shareholder Alert: Bronstein, Gewirtz &amp; Grossman, LLC Notifies Sona Nanotech Inc. 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